FirstBest and Yodil Form Strategic Alliance to Deliver Data-Powered Underwriting to Commercial Insurance Carriers
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The collaboration between FirstBest and Yodil will deliver new innovative solutions that deliver powerful, yet easy to use insurance BI capabilities to underwriting teams at the point of decision, without the expensive and time-consuming overhead of large-scale horizontal enterprise BI platforms. The two companies will develop joint products and services for the insurance market.
"Even with today's explosion of data and analytics, many carriers have gaps that prevent accurate and rapid decisions and can drive down underwriting profitability," said
"We look forward to working with FirstBest to develop new solutions for the insurance front office," said
"Business Intelligence (BI) capabilities are required across the underwriting process – at the transaction level to portfolio and operational management to deliver rich insights and support right decisioning. Our recent research shows that carriers are generally dissatisfied with the BI tools in use and available for underwriting," said
About FirstBest ?
FirstBest® Systems is the leading provider of insurance software solutions that help American and international global insurance companies improve underwriting profitability, scale their business and achieve high service levels with agents and brokers, across the enterprise. The patented and proven FirstBest Front Office Suite has processed more than
About Yodil
Yodil is a leading provider of business intelligence (BI) solutions, marrying deep insurance knowledge with rich content and adaptable technology. Yodil delivers a comprehensive data warehouse, BI, and reporting platform that can serve as the information hub for insurance carriers, MGAs, and agencies, providing management and operational reporting and data analytics. Learn more at www.yodil.com.
FirstBest is a registered trademark of
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